| PAG-IBIG Overseas Program - FAQ |
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| 1 . | What is the PAG-IBIG Overseas Program? The PAG-IBIG Overseas Program is voluntary savings program which aims to provice Filipino overseas contract workers/immigrants/permanet residents the oppurtunity to save for their future and to avail of a housing loan of as much PhP2,000,000.00. |
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| 2 . | Who are eligible to become members of the PAG-IBIG Overseas Program? Any Filipino who works overseas as a contract worker or as an immigrants / permanent resident is eligible to become a member of the PAG-IBIG Overseas Program by accomplishing the members data form and paying the required membership contributions. |
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| 3 . | Who are eligible to apply for a housing loan under the PAG-IBIG Overseas Programs? • An active member with at least 12 months membership contribution. • Insurable and not more than 65 years old at loan maturity. • Has no outstanding PAG-IBIG housing loan, either as a principal borrower or co-borrower. • Has no outstanding multi-purpose loan, in arrears at the time of loan application. |
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| 4 . | What are the applicable loan purposes? The PAG-IBIG housing loan may be used to finance any one or a combinations of the following: • Construction or completion of a residential unit on a lot owned by the member. • Purchase of a lot and construction of a residential unit thereon. • Purchase of a residential house and lot, townhouse or condo unit. • Purchase of a fully developed residential lot not exceeding 1000sqm. • Major repairs, expansion or renovation of an existing residential building, townhouse, or condominuim unit. • Refinancing of an existing mortgage loan with an institution acceptable to HDMF which is current and updated for the past 24 months. |
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| 5 . | How much can a PAG-IBIG Overseas Member Borrow?
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| 6 . | How much is the interest rate that the member shall pay? To provide an incentive for prompt payment of housing loans, HDMF shall charge a lower interest rate on loans which shall be paid on time, as follows.
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| 7. | How long is the repayment period? The loan term shall be based on the membership term chosen by the member at the time of enrollment. • 5 years • 10 years • In no instance, however, shall the loan term exceed the difference between the borrower's age and 65. |
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WELCOME! |
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DDC Land Inc., formerly Dry Dock Corporation has an important role, in providing decent and inexpensive homes to every Filipino family. And in taking the first step on the road in fulfilling every Filipino dream, we are opening our door to very affordable housing units and we are happy and proud on every home and community we built. |
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LIST OF CURRENT PROJECTS |
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LIST OF FINISHED PROJECTS |
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For Free Sites Visits Pls call : DDC LAND INCORPORATED Marketing Department Tel nos.(0632)551-8888; (0632) 551-2221; (0632) 551-1128 Mobile no. 0918-5888870 Email : info@ddcland.com |
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